QUESTION 20 20. Maxim Holding Co., Inc. was authorized to issue 200,000 of its $3 par value commission. Maxim Holding Co., Inc. had the following transactions during the month of March 2020: 3/4/20 - Sold 25,000 shares of common stock at $5 each. 3/10/20 - Repurchase 5,000 of its own shares at $8 per share. 3/15/20 - Sold 2,000 of the share purchased on 3/10/20 at $10 per share. 3/20/20 - Sold 2,000 of the shares purchased on 3/10/20 at $5 per share 3/23/20 - Declared a $2 per share cash dividends on all outstanding shares of common stock. 3/31/20 - Paid the dividends declared on 3/23/20 Which of the following is true about transaction 3/15/20? Debit cash $20,000 and credit treasury stock $20,000 OA. Debit common stock $20,000 and credit cash $20,000 Debit cash $20,000, credit treasury $16,000 and credit APIC, TS $4,000 Debit cash $20,000, credit treasury $14,000 and credit APIC, TS $6,000